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Dream Venture Labs

Tax-deductible

Cambridge, MA501(c)(3)Community DevelopmentEIN 93-1728619Revenue $456K in FY2025

On file with the IRSdreamventurelabs.orgOne Broadway, 02142-1100 · Cambridge, MATax-exempt since Jan 2024Publicly supported charity — 170(b)(1)(A)(vi)

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Empowering immigrant entrepreneurs to build successful businesses by providing access to resources, mentorship, and networks they need to thrive

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$18K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$18K
to officers and key staff · 4% of spending
Top officer’s pay lower than 90% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50K
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$456K
Spent
$435K
To programs
90%
Net assets
$23K

From the FY2025 Form 990 (year ending May 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $392K Management & general 10% · $43K Fundraising 0% · $516

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990; $18K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Maria Gorskikh
President/Executive Director
$17,962Pt VII · Sec A
Gibran Nasir
Treasurer/Director
$0Pt VII · Sec A
Justin Nardella
Clerk/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Maria Gorskikh’s $18K as President/Executive Director is at the 10th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps immigrant entrepreneurs build successful businesses with resources, mentorship, and networks.

Questions for Dream Venture Labs

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Provided by the organization

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2 programs · $392K · in their own filed words · FY2024
01

The build fellowship program is a program through which dream venture labs (DVL), in partnership with the build fellowship by open avenues, assists foreign founders on cap-exempt H-1B visas in contributing to education while advancing their startups through structured professional, educational, and employment-related opportunities.

$386Kprogram expense
02

The internship program is a workforce development initiative that connects tech startups with student interns for hands-on, industry-relevant learning experiences. It generates revenue through fees charged by DVL for facilitating placements and coordinating related program activities.

$6Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$456K
Ln 12
Fees for servicesLn 2g$445K
Gifts and grantsLn 1h$11K
Investment incomeLn 3$25
Money outPt IX
$435K
Ln 25
Programscol B$392K
Managementcol C$43K
Fundraisingcol D$516
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$73K
LiabilitiesLn 26$50K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11K
Fees for servicesLn 2g$445K
Investment incomeLn 3$25
Total revenueLn 12$456K
Assets in detailPt X, end of year
SavingsLn 2$73K
Cash and savings togetherLn 1–2$73K
Total assetsLn 16$73K
LiabilitiesLn 26$50K
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$52K$73K
Total assetsLn 16$52K$73K
LiabilitiesLn 26$50K$50K
Net assetsLn 32$2K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$24K$24K
Other salaries and wagesLn 7$130K$128K$2K
Payroll taxesLn 10$14K$11K$3K
Legal feesLn 11b$244K$244K
Accounting feesLn 11c$135$135
Other fees for servicesLn 11g$9K$8K$520
Information technologyLn 14$8K$8K
OccupancyLn 16$5K$5K
InsuranceLn 23$861$861
Other expenses (24a–d)Ln 24$729$213$516
Total functional expensesLn 25$435K$392K$43K$516

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $456K$435K$21K$23K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $456,434 revenue, 12 lines filed
I-8 Contributions and grants$11,111
I-9 Program service revenue$445,298
I-10 Investment income$25
I-11 Other revenue$0
I-12 Total revenue$456,434
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$167,616
I-16a Professional fundraising fees$0
I-17 Other expenses$267,798
I-18 Total expenses$435,414
I-19 Revenue less expenses$21,020
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $456,434 across 5 lines filed
VIII-1f All other contributions, gifts and grants$11,111
VIII-1h Total contributions, gifts and grants$11,111
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $445,298$445,298
VIII-3 Investment incomeExcluded from tax $25$25
VIII-12 Total revenueRelated to mission $445,298 · Unrelated business $0 · Excluded from tax $25$456,434
Part IX · Statement of functional expenses $435,414 across 10 lines filed
IX-5 Pay of current officers, directors and key staffManagement $24,000$24,000
IX-7 Other salaries and wagesPrograms $127,932 · Management $1,782$129,714
IX-10 Payroll taxesPrograms $11,329 · Management $2,573$13,902
IX-11b Legal feesPrograms $244,340$244,340
IX-11c Accounting feesManagement $135$135
IX-11g Other fees for servicesPrograms $8,465 · Management $520$8,985
IX-14 Information technologyManagement $8,118$8,118
IX-16 OccupancyManagement $4,630$4,630
IX-23 InsuranceManagement $861$861
IX-24 Other expenses (24a–d)Management $213 · Fundraising $516$729
IX-25 Total functional expensesPrograms $392,066 · Management $42,832 · Fundraising $516$435,414
Part X · Balance sheet $73,321 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $52,301$73,321
X-16 Total assetsStart of year $52,301$73,321
X-24 Unsecured notes and loans payableStart of year $50,000$50,000
X-26 Total liabilitiesStart of year $50,000$50,000
X-27 Net assets without donor restrictionsStart of year $2,301$23,321
X-32 Total net assets or fund balancesStart of year $2,301$23,321
X-33 Total liabilities and net assetsStart of year $52,301$73,321
Part XI · Reconciliation of net assets $23,321 net assets at year end
XI-1 Total revenue$456,434
XI-2 Total expenses$435,414
XI-3 Revenue less expenses$21,020
XI-4 Net assets at start of year$2,301
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,321

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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